27,888 Shares in Honeywell International Inc. $HON Bought by W.G. Shaheen & Associates DBA Whitney & Co

W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in Honeywell International Inc. (NASDAQ:HON) during the 3rd quarter, Holdings Channel reports. The firm purchased 27,888 shares of the conglomerate’s stock, valued at approximately $5,870,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Summit Wealth Group LLC increased its position in shares of Honeywell International by 4.3% in the second quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock valued at $260,000 after acquiring an additional 46 shares during the last quarter. Nova R Wealth Inc. grew its stake in Honeywell International by 3.0% in the third quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock valued at $335,000 after purchasing an additional 47 shares in the last quarter. Fielder Capital Group LLC grew its stake in Honeywell International by 2.1% in the second quarter. Fielder Capital Group LLC now owns 2,373 shares of the conglomerate’s stock valued at $553,000 after purchasing an additional 48 shares in the last quarter. Wealth Management Associates Inc. increased its position in shares of Honeywell International by 4.2% during the 2nd quarter. Wealth Management Associates Inc. now owns 1,268 shares of the conglomerate’s stock worth $295,000 after purchasing an additional 51 shares during the last quarter. Finally, Hills Bank & Trust Co raised its stake in shares of Honeywell International by 0.5% during the 2nd quarter. Hills Bank & Trust Co now owns 10,775 shares of the conglomerate’s stock worth $2,509,000 after purchasing an additional 51 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Up 0.6%

Shares of HON stock opened at $241.38 on Tuesday. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $245.63. The company has a market capitalization of $153.25 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 3.50 and a beta of 0.94. The firm has a 50 day moving average price of $212.69 and a two-hundred day moving average price of $209.29. The company has a quick ratio of 1.05, a current ratio of 1.32 and a debt-to-equity ratio of 1.76.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. The company had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.40% and a net margin of 12.74%.The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.47 earnings per share. As a group, analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.0%. Honeywell International’s dividend payout ratio (DPR) is currently 59.57%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HON shares. Barclays raised their target price on shares of Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. DZ Bank decreased their price objective on shares of Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. Wells Fargo & Company upped their target price on shares of Honeywell International from $215.00 to $235.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. BNP Paribas Exane raised their target price on shares of Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Finally, Evercore boosted their price target on Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and a consensus target price of $244.50.

Insider Activity

In other Honeywell International news, VP Robert D. Mailloux sold 5,274 shares of Honeywell International stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $239.00, for a total value of $1,260,486.00. Following the completion of the sale, the vice president owned 4,803 shares in the company, valued at $1,147,917. The trade was a 52.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.41% of the company’s stock.

About Honeywell International

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.